pull down to refresh
That's just not how Bitcoin cycles play out.
There is a minority who wants it desperately and they drive the price up amongst themselves without permission from the majority.
I said some sappy things a few nights ago in a different thread, but I still stand by them:
The various bitcoin-centric spaces that have sprung up all around the world are evidence that that this (the heart and soul of Bitcoin is dying) isn't true. I can't think of any other technology that has these groups of people meeting up in weird places all over the world to talk about using it, how it changes the world, and what they can build with it.
There are these kind of spaces everywhere: you can find over 200 bitcoin-centric meetups that are active. There are quite a number of places that actually pay for space and can keep the lights on, just for the purpose of getting together about bitcoin.
It may take longer than we thought, or it may end up looking quite different than we thought, but I think the idea of Bitcoin is still pretty strong and the people on the fringes will keep using it. I don't know if that's enough, but it might be.
The truth is that the 'heart and soul' of Bitcoin... is dying.
Bitcoin has all the technology it needs to become 'daily money' (albeit volatile daily money) and Lightning is 'good enough' right now. Steak n Shake is evidence of this.
The issue isn't the tech, it's the users the "community". Look at night or on the weekends there are relatively few transactions and compared to the entire world... barely any usage to buy things or pay for things despite having Lightning which works pretty well.
The "community" is number-go-up and trading and 'cashin-in-on-the-exchange' the vast majority of "Bitcoiners" care only about "getting rich" "more money" not "better money" and it shows.
NOSTR is mostly NGU bullshit it gets really, really quiet over there when the exchange rate is down: where is the Freedom? Where is the sovereignty? If those things were the focus the exchange rate wouldn't matter that much.
People don't exchange Bitcoin for goods or services although the opportunity now is greater than ever and the world more "PRIMED THAN EVER" to accept BTC.
When Bitcoin fails and the network dies, which it will at this rate, it will have nothing to do with technology -
People just didn't want it. What a shame it will be for Saylor, Stackers and many others who believed in it.